Huntington Historical Income Statement
| HBAN Stock | USD 17.29 0.09 0.52% |
Historical analysis of Huntington Bancshares income statement accounts such as Operating Income of 2.5 B or Ebit of 2.2 B can show how well Huntington Bancshares Incorporated performed in making a profits. Evaluating Huntington Bancshares income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Huntington Bancshares's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Huntington Bancshares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Huntington Bancshares is a good buy for the upcoming year.
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About Huntington Income Statement Analysis
Huntington Bancshares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Huntington Bancshares shareholders. The income statement also shows Huntington investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Huntington Bancshares Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Huntington Bancshares. It is also known as Huntington Bancshares overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Huntington Bancshares operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Huntington Bancshares Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Huntington Bancshares financial statement analysis. It represents the amount of money remaining after all of Huntington Bancshares Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Huntington Bancshares' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Huntington Bancshares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Huntington Bancshares' Income Tax Expense is very stable compared to the past year. As of the 10th of November 2024, Selling General Administrative is likely to grow to about 3 B, while Other Operating Expenses is likely to drop about 109.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 1.6B | 3.8B | 2.4B | 2.5B | Other Operating Expenses | 4.4B | 91M | 115M | 109.3M |
Huntington Bancshares income statement Correlations
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Huntington Bancshares Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Huntington Bancshares income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 988M | 423M | 89M | 696M | 3.5B | 3.7B | |
| Other Operating Expenses | 3.0B | 3.8B | 4.4B | 91M | 115M | 109.3M | |
| Operating Income | 1.7B | 972M | 1.6B | 3.8B | 2.4B | 2.5B | |
| Ebit | 1.7B | 853M | 1.4B | 3.7B | 2.1B | 2.2B | |
| Ebitda | 1.7B | 1.0B | 1.7B | 3.9B | 2.4B | 2.5B | |
| Total Operating Expenses | (3.0B) | (3.8B) | (4.4B) | 91M | 115M | 120.8M | |
| Net Income | 1.4B | 817M | 1.3B | 2.2B | 2.0B | 2.0B | |
| Income Tax Expense | 248M | 155M | 294M | 515M | 413M | 433.7M | |
| Depreciation And Amortization | 49M | 160M | 267M | 280M | 244M | 135.3M | |
| Selling General Administrative | 1.7B | 1.7B | 2.4B | 2.5B | 2.8B | 3.0B | |
| Selling And Marketing Expenses | 37M | 38M | 89M | 91M | 115M | 120.8M | |
| Total Revenue | 4.7B | 4.8B | 6.0B | 7.3B | 7.4B | 7.7B | |
| Gross Profit | 4.7B | 4.8B | 6.0B | 1.3B | 8.9B | 9.4B | |
| Income Before Tax | 1.7B | 972M | 1.6B | 2.8B | 2.4B | 2.5B | |
| Total Other Income Expense Net | 1.7B | 972M | 2M | (1.1B) | 20M | 21M | |
| Net Income Applicable To Common Shares | 1.3B | 717M | 1.2B | 2.1B | 2.4B | 2.6B | |
| Net Income From Continuing Ops | 1.4B | 817M | 1.3B | 2.2B | 2.4B | 1.2B | |
| Preferred Stock And Other Adjustments | 74M | 100M | 142M | 113M | 130.0M | 76.8M | |
| Tax Provision | 248M | 155M | 294M | 515M | 558M | 322.9M | |
| Net Interest Income | 3.2B | 3.2B | 4.1B | 5.3B | 5.6B | 3.9B | |
| Interest Income | 4.2B | 3.6B | 4.2B | 6.0B | 8.4B | 4.7B | |
| Reconciled Depreciation | 386M | 367M | 89M | 98M | 687M | 721.4M |
Pair Trading with Huntington Bancshares
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Huntington Bancshares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Huntington Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving together with Huntington Stock
| 0.7 | AX | Axos Financial | PairCorr |
| 0.72 | BY | Byline Bancorp Normal Trading | PairCorr |
| 0.7 | DB | Deutsche Bank AG | PairCorr |
| 0.65 | KB | KB Financial Group | PairCorr |
The ability to find closely correlated positions to Huntington Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huntington Bancshares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Huntington Bancshares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Huntington Bancshares Incorporated to buy it.
The correlation of Huntington Bancshares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Huntington Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huntington Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Huntington Bancshares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Huntington Bancshares. If investors know Huntington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Huntington Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 0.62 | Earnings Share 1.03 | Revenue Per Share 4.613 | Quarterly Revenue Growth (0.01) |
The market value of Huntington Bancshares is measured differently than its book value, which is the value of Huntington that is recorded on the company's balance sheet. Investors also form their own opinion of Huntington Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Huntington Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Huntington Bancshares' market value can be influenced by many factors that don't directly affect Huntington Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Huntington Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntington Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.